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Risk

While NEM offers some fascinating real life applications for banks and businesses but the network system is in dire need of an update. Until then the value of XEM most likely will not rise above mediocrity.

ROI

It’s hard to see any large ROI on the NEM network that is above and beyond the average crypto token until NEM releases its new core technology called “Catapult.” The release for the Catapult has been pushed back, leaving many investors weary of putting their funds into XEM.

Tech

One of the biggest differences between NEM and other blockchains is its use of proof-of-importance consensus. Proof-of-Importance (PoI) is a consensus algorithm that determines who gets to verify transactions on the NEM network based on their comparative “importance.” PoI conserves energy when compared to wasteful proof-of-work consensus. The NEM network uses 100 times less power than Bitcoin to complete a transaction.

Team

NEM boasts a couple of features as advantages over competing cryptocurrencies. These features are as follows:

Scalability: Whereas bitcoin can only handle a couple of transactions per second, NEM can take one up to 3,000 transactions per second.

Multi-signature Account: On the NEM network, you can set up an account with requires signatures from multiple parties before it will process.

Updates: Any user on the NEM network can suggest an update. However, the system has not been updated for quite some time and leaves many investors apprehensive about investing in XEM.

Perhaps the one big drawback for the NEM network is that it does not offer privacy. All transactions are traceable. Although you could argue that this ensure buyer seller fraud protection.

Overall

While NEM boasts some useful advantages over other networks, NEM also displays multiple areas of weakness causing it to get a lower overall rating.

Risk

While NEM offers some fascinating real life applications for banks and businesses but the network system is in dire need of an update. Until then the value of XEM most likely will not rise above mediocrity.

ROI

It’s hard to see any large ROI on the NEM network that is above and beyond the average crypto token until NEM releases its new core technology called “Catapult.” The release for the Catapult has been pushed back, leaving many investors weary of putting their funds into XEM.

Tech

One of the biggest differences between NEM and other blockchains is its use of proof-of-importance consensus. Proof-of-Importance (PoI) is a consensus algorithm that determines who gets to verify transactions on the NEM network based on their comparative “importance.” PoI conserves energy when compared to wasteful proof-of-work consensus. The NEM network uses 100 times less power than Bitcoin to complete a transaction.

Team

NEM boasts a couple of features as advantages over competing cryptocurrencies. These features are as follows:

Scalability: Whereas bitcoin can only handle a couple of transactions per second, NEM can take one up to 3,000 transactions per second.

Multi-signature Account: On the NEM network, you can set up an account with requires signatures from multiple parties before it will process.

Updates: Any user on the NEM network can suggest an update. However, the system has not been updated for quite some time and leaves many investors apprehensive about investing in XEM.

Perhaps the one big drawback for the NEM network is that it does not offer privacy. All transactions are traceable. Although you could argue that this ensure buyer seller fraud protection.

Overall

While NEM boasts some useful advantages over other networks, NEM also displays multiple areas of weakness causing it to get a lower overall rating.